Hira Automobiles posts Rs 193.98 lakh quarterly loss as revenue falls

Hira Automobiles Limited posted a Rs 193.98 lakh loss for the quarter ended September 30, 2026, after revenue from operations fell to Rs 3.50 crore from Rs 26.67 crore a year earlier. Total expenses of Rs 5.44 crore exceeded total revenue of Rs 3.50 crore, according to its unaudited standalone results.

Why did Hira Automobiles report a September-quarter loss?

Hira Automobiles reported a loss before tax and a loss for the period of Rs 193.98 lakh for the quarter ended September 30, 2026, because total expenses were Rs 5.44 crore against total revenue of Rs 3.50 crore. The company recorded neither exceptional items nor tax expense during the quarter, leaving the pre-tax and post-tax loss at the same amount.

The September 2026 result reversed a profit reported a year earlier. Hira Automobiles had profit before tax of Rs 12.79 lakh and profit for the period of Rs 9.16 lakh in the quarter ended September 30, 2025. It had also reported a smaller loss of Rs 134.24 lakh for the quarter ended June 30, 2026, making the latest quarterly loss Rs 59.74 lakh higher sequentially.

Hira Automobiles recorded basic and diluted earnings per share of negative Rs 7.05 in the September 2026 quarter, compared with positive Rs 0.33 in the September 2025 quarter and negative Rs 5.02 in the June 2026 quarter. Its paid-up equity share capital was unchanged at Rs 2.75 crore across the three quarters shown, with a face value of Rs 10 a share.

How much did Hira Automobiles' revenue decline?

Hira Automobiles' revenue from operations fell by Rs 23.17 crore year on year to Rs 3.50 crore in the quarter ended September 30, 2026, from Rs 26.67 crore in the corresponding 2025 quarter. Revenue was also Rs 1.28 crore below the Rs 4.78 crore reported in the quarter ended June 30, 2026.

Other income was Rs 0.51 lakh in the September 2026 quarter, down from Rs 0.76 lakh a year earlier and Rs 1.25 lakh in the preceding quarter. Total revenue was consequently Rs 3.50 crore, compared with Rs 26.64 crore in September 2025 and Rs 4.80 crore in June 2026.

Hira Automobiles stated that it operates in one segment, the sale and service of vehicles, so the filing does not separate the revenue decline between businesses. For the audited year ended March 31, 2026, it reported revenue from operations of Rs 137.55 crore and total revenue of Rs 137.92 crore, providing the annual comparison disclosed alongside the quarterly figures.

Which expenses contributed to Hira Automobiles' quarterly result?

Hira Automobiles' finance cost was Rs 176.10 lakh in the September 2026 quarter, compared with Rs 167.56 lakh in the September 2025 quarter and Rs 158.41 lakh in the June 2026 quarter. The latest finance cost was therefore Rs 18.54 lakh higher than a year earlier despite the decline in operating revenue.

Employee benefit expense declined to Rs 128.38 lakh from Rs 179.68 lakh in September 2025 and Rs 152.88 lakh in June 2026. Purchases of stock-in-trade were Rs 146.48 lakh, versus Rs 186.15 lakh in the immediately preceding quarter, while depreciation and amortisation was Rs 30.42 lakh in both the September and June 2026 quarters.

Other expenses were Rs 78.12 lakh, down from Rs 129.45 lakh in the September 2025 quarter and Rs 102.06 lakh in the June 2026 quarter. Even with lower employee benefit, purchase and other expenses than in the prior quarter, total expenses of Rs 5.44 crore were Rs 1.94 crore greater than September-quarter total revenue.

What do Hira Automobiles' assets, borrowings and default disclosures show?

Hira Automobiles reported total assets of Rs 77.77 crore at September 30, 2026, down from Rs 84.67 crore at March 31, 2026. Total equity decreased to Rs 11.42 crore from Rs 14.74 crore over that six-month period, while other equity declined to Rs 8.67 crore from Rs 11.99 crore.

Current assets were Rs 64.44 crore at September 30, compared with Rs 71.27 crore at March 31. Trade receivables declined to Rs 19.66 crore from Rs 22.40 crore, inventories fell to Rs 18.54 crore from Rs 18.81 crore, and bank balances other than cash and cash equivalents decreased to Rs 44.14 lakh from Rs 2.95 crore.

The separate default disclosure reported Rs 61.15 crore of outstanding facilities, including loans and credit from banks and financial institutions, with Rs 16.25 crore in default as of the disclosure date. The balance sheet showed current borrowings of Rs 50.02 crore and non-current borrowings of Rs 8.48 crore at September 30, 2026, versus Rs 52.69 crore and Rs 9.56 crore, respectively, at March 31; the filing does not reconcile these balance-sheet amounts to the facilities disclosure.

Conclusion

The September 2026 filing shows that Hira Automobiles moved from a Rs 9.16 lakh profit in the September 2025 quarter to a Rs 193.98 lakh loss as operating revenue fell by Rs 23.17 crore. Finance cost rose to Rs 176.10 lakh, while total equity was Rs 3.32 crore lower than at March 31, 2026.

The filing does not disclose a revenue recovery plan, target or scheduled financial event. The unresolved item to watch in subsequent disclosures is the Rs 16.25 crore default reported within Rs 61.15 crore of bank and financial-institution facilities, alongside changes in vehicle sale and service revenue and finance cost.